Global Electronic Warfare Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The Electronic Warfare Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The Electronic Warfare Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global electronic warfare market report has been segmented on the basis of type, equipment, platform, and region.
Electronic Warfare Market Overview:
The Electronic Warfare Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
Electronic warfare is a type of military action wherein radio waves and electromagnetic energy are used as weapons as opposed to conventional weaponry such as aircraft, tanks, and ships.
In recent times, electronic warfare has developed and has been widely used by many militaries worldwide for various purposes. Electronic warfare uses the entire range of the electromagnetic spectrum for which, which is also commonly referred to as electromagnetic warfare.
Developments in the electronic spectrum are a major factor driving the growth of the global electronic warfare market.
In addition, increasing investment by governments of developed economies for the development of their military network and infrastructure coupled with technological advancements in equipment especially, in radar and infrared systems are other factors expected to fuel the growth of the global electronic warfare market over the forecast period.
Moreover, increasing incidence of conflicts and disputes between developed and developing countries coupled with benefits associated with the use of electronic systems on battlefields such as fewer casualties, better accuracy, and capability to stay operational all day long in harsh environments are other factors anticipated to boost the growth of the global market to a significant extent.
However, high costs associated with procurement, use, and maintenance of electronic equipment used in warfare are a major factor restraining the growth of the global market.
Additionally, problems associated with the use of this equipment such as malfunctions and misfires can lead to serious casualties on the battlefield which is another factor limiting the use of electronic equipment in warfare and is, in turn, limiting the growth of the global electronic warfare market over the forecast period.
Currently, the market in North America dominates the global electronic warfare market in revenue terms owing to unrest between neighboring nations, high adoption of electronic equipment in defense sectors, and continuous developments in electronic equipment used in warfare in the region.
The market in Europe accounted for the second-highest revenue share in the global electronic warfare market, due to increasing political disputes and increasing cross-border conflicts, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.
The market in the Asia Pacific is projected to witness the fastest growth in terms of revenue, owing to increasing government initiatives for the development of defense sectors in countries in the region.
Global electronic warfare market segmentation:
- Electronic protection
- Electronic warfare support
- Electronic attack system
- Jammer systems
- Radar systems
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Rockwell Collins Inc.
- BAE Systems Plc
- SAAB AB
- Alliant Techsystems Inc.
- Lockheed Martin Corporation
- Thales Group
- Israel Aerospace Industries Ltd.
- The Raytheon Company
- Northrop Grumman Corporation
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